WASHINGTON D.C. – They don’t want to cover birth control. But they don’t mind profiting off of it!
Hobby Lobby may have to get crafty to look less hypocritical.
The retailer took its argument of religious freedom all the way to the Supreme Court. So this latest development—that they have invested millions in pharmaceutical companies that make the very drugs that they’re so morally opposed to—just looks bad. Those drug companies include: Teva Pharmaceutical Industries, Actavis, Pfizer, Bayer, Astrazeneca, and Forest Laboratories.
According to Mother Jones, documents filed with the Department of Labor in 2012 show that Hobby Lobby’s 401k employee retirement plans hold more than $73 million in mutual funds with investments in companies that make birth control, emergency contraceptive pills and similar products.
Hobby lobby reportedly makes large matching contributions to those funds, as well.